CAVA
CAVA Group, Inc.52.72
+0.80+1.54%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Cautious comps amid strong trends
Q&A largely reaffirmed prepared remarks' optimism but clarified FY2026 comps guidance of 3%-5% embeds larger new-unit maturity headwinds than 2025 and low-single-digit macro assumptions, despite Q1 trends exceeding the range. Salmon tests outperformed Chicken Shawarma, yet pose 100bp RLM headwind for penny neutrality; new-unit productivity assumes 90%. Catering advances with a second market test later 2026 toward 2027 expansion. AGMs, 60% filled and outperforming, complete mid-year; loyalty tiers lift frequency, driving 1/3 sales. Project Soul graces ~100 stores, boosting aesthetics. Management stays reinvestment-focused. Comps durability matters next.
Key Stats
Market Cap
6.11BP/E (TTM)
45.45Basic EPS (TTM)
1.16Dividend Yield
0%Recent Filings
8-K
10-K
FY2025 results
CAVA surged revenue 22% to $1.18B in FY2025 ended December 28, powered by 72 net new restaurants while same-store sales grew 4.0%—2.4% from pricing/mix, 1.6% traffic—capping a year of 130 total openings since 2024. Q4 momentum held firm despite macro headwinds, with AUV climbing to $2.934M (derived) and restaurant-level margins dipping just 60bps to 24.4% amid steak launch costs, tariffs, and wage hikes. Digital mix ticked up to 37.9%; cash swelled to $283M plus $110M investments, revolver untapped at $74M availability. No dividends or buybacks; capex climbed on expansion. New restaurants thrive. Yet food safety lapses could derail traffic.
8-K
CAVA's 22.5% revenue surge
CAVA Group reported fiscal 2025 revenue of $1,169.3 million, up 22.5% with 72 net new restaurants and 4.0% same-restaurant sales. Restaurant-level profit margin dipped to 24.4% from wage hikes and food costs, yet Adjusted EBITDA climbed 21% to $152.8 million. Momentum holds. Fiscal 2026 eyes 74-76 openings and 3-5% comps.
8-K
CAVA hires ops veteran Thompson
CAVA Group appointed Douglas W. Thompson as Chief Operations Officer effective March 2, 2026, to oversee restaurant operations amid rapid expansion. The veteran from Texas Roadhouse, with over two decades scaling brands, gets $550,000 base salary, 75% target bonus, $500,000 RSU grant, and $200,000 sign-on. Thompson drives growth. No family ties or related transactions disclosed.
10-Q
Q3 FY2025 results
CAVA's Q3 revenue hit $292.2M, up 19.9% y/y from $243.8M, fueled by 17 net new restaurants and 1.9% same-store sales growth, while restaurant-level profit margin slipped to 24.6% from 25.6% on tariffs and wage hikes. Operating income climbed 24.4% y/y to $17.1M; diluted EPS fell to $0.12 from $0.15 amid higher shares, reconciling cleanly to 118.3M diluted weighted-average. Cash sits at $284.6M with $74.1M revolver availability; operations generated $144.5M YTD cash flow, offset by $121.3M capex. New $5M note receivable targets automated makelines. Executive transition costs ticked up. Competition shadows every menu tweak.
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